BNP Paribas Financial Markets Purchases 7,753 Shares of KB Financial Group Inc. (NYSE:KB)

BNP Paribas Financial Markets raised its position in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 62.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,072 shares of the bank's stock after purchasing an additional 7,753 shares during the quarter. BNP Paribas Financial Markets' holdings in KB Financial Group were worth $1,142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of KB Financial Group by 659.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank's stock worth $137,000 after buying an additional 2,097 shares during the last quarter. Hudson Edge Investment Partners Inc. raised its position in shares of KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank's stock valued at $198,000 after buying an additional 168 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of KB Financial Group during the fourth quarter valued at approximately $222,000. Triumph Capital Management bought a new stake in shares of KB Financial Group during the fourth quarter valued at approximately $228,000. Finally, Optas LLC bought a new stake in shares of KB Financial Group during the fourth quarter valued at approximately $261,000. 11.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st.

KB Financial Group Price Performance

Shares of KB Financial Group stock traded up $2.17 on Monday, hitting $71.92. 159,737 shares of the company traded hands, compared to its average volume of 190,655. The stock has a market capitalization of $28.30 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 0.52 and a beta of 0.98. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. KB Financial Group Inc. has a 52 week low of $46.38 and a 52 week high of $72.89. The business has a 50-day simple moving average of $59.62 and a 200 day simple moving average of $59.93.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.02). KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $4.45 billion. Research analysts expect that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.

KB Financial Group Profile

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.